Blueknight Energy Partners L.P. (NASDAQ:BKEP) shares rose 3.9% during mid-day trading on Wednesday . The company traded as high as $5.41 and last traded at $5.34, with a volume of 82,712 shares changing hands. The stock had previously closed at $5.14.

BKEP has been the subject of a number of analyst reports. Janney Montgomery Scott initiated coverage on Blueknight Energy Partners L.P. in a report on Thursday, May 19th. They issued a “neutral” rating and a $6.00 price target for the company. TheStreet cut Blueknight Energy Partners L.P. from a “hold” rating to a “sell” rating in a research report on Friday, April 8th. Finally, Zacks Investment Research cut Blueknight Energy Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 16th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.05.

The company’s market cap is $181.02 million. The firm has a 50-day moving average price of $5.12 and a 200-day moving average price of $5.01.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.04. The firm earned $42.36 million during the quarter, compared to analyst estimates of $40.61 million. On average, equities research analysts forecast that Blueknight Energy Partners L.P. will post ($0.09) EPS for the current fiscal year.

An institutional investor recently raised its position in Blueknight Energy Partners L.P. stock. Morgan Stanley raised its stake in shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) by 6.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 738,387 shares of the company’s stock after buying an additional 47,276 shares during the period. Morgan Stanley owned 2.24% of Blueknight Energy Partners L.P. worth $4,149,000 as of its most recent filing with the SEC.

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